This final masterpiece by Gustav Klimt titled Dame mit Fächer (Lady with a Fan) sells for $108.4 million at Sotheby’s auction in London, setting new auction record.

The final masterpiece by Gustav Klimt has fetched $108.4 million at auction, making it the most valuable work of art ever sold in Europe.

BY KAZEEM ADELEKE, ARTCENTRON

Final Masterpiece By Gustav Klimt Makes Auction Record

Gustav Klimt’s final magnum opus has shattered the European auction records, securing a remarkable sum of $108.4m (€86 million), during the proceedings at Sotheby’s, held in the vibrant city of London. Renowned as a prominent symbolist hailing from Austria, Klimt’s Dame mit Fächer (Lady with a Fan) was initially anticipated to sell for $80 million (€76 million).

Described as a “stunning, opulent, and captivating portrayal of an anonymous lady,” this remarkable portrait was on an easel in the artist’s studio at a time when fate abruptly claimed his life in February 1918. He was only 55 years old. Helena Newman, an esteemed representative of Sotheby’s, said that this masterpiece was crafted during the pinnacle of Klimt’s artistic endeavors, a phase marked by the creation of his most renowned and audacious works.

“While numerous among these works, particularly the portraits that have earned him widespread recognition, were commissioned,” Newman elucidated, “this particular artwork stands apart as an entity unto itself —a technical and artistic triumph, brimming with trailblazing innovation, while simultaneously serving as a heartfelt homage to sheer beauty.”

Gustav Klimt, the renowned Austrian artist, left an indelible mark on the art world with his distinctive style and innovative techniques. His works continue to captivate art enthusiasts and collectors worldwide. Many in the art business agree that there is something unique about Dame mit Fächer. Beyond aesthertics, outstanding composition, and provenance, the captivating story behind Klimt’s final masterpiece, Dame mit Fächer (Lady with a Fan), helped it make history at auction in London.

Unveiling the Enigmatic Portrait

Dame mit Fächer is an exquisite portrayal of an unidentified female subject, meticulously crafted by Klimt himself. Discovered in the artist’s studio after his passing in 1918, this extraordinary painting showcases Klimt’s unparalleled talent and artistic vision. It was ,therefore, not surprising that Sotheby’s, the prestigious auction house, assigned an unprecedented estimate of around $80 million to this remarkable artwork weeks before went on the auction block. Even then, it was the highest-valued piece ever presented at a European auction.

A Testament to Klimt’s Mastery

Klimt’s last masterpiece represents a culmination of his artistic prowess and experimentation. The sheer beauty and sensuality emanating from the portrait lie in its intricate details. From the delicate flecks of blue and pink that enliven the sitter’s skin to the feathery lines of her eyelashes and the character infused into her pursed lips, every element harmoniously combines to create a captivating composition.

A Fusion of Influences

Dame mit Fächer reflects Klimt’s fascination with East Asian influences, evident not only in the fan held by the unknown sitter but also in the incorporation of phoenix and lotus blossom motifs. The flattened perspective of the background pays homage to Japanese woodblock prints, a prominent feature of Klimt’s extensive Asian art collection. Through this amalgamation of cultural influences, Klimt created a truly distinctive and evocative masterpiece.

A Glimpse into Klimt’s Artistic Prime

While Klimt’s earlier works, including the iconic The Kiss, emerged during his renowned “Golden Phase,” characterized by the use of gold leaf, Dame mit Fächer represents a later period in the artist’s career. At the time of his passing, Klimt was 55 years old and in his artistic prime. He was producing some of his most accomplished and experimental works, pushing the boundaries of his own creativity. This painting, with its technical brilliance and artistic audacity, stands as a testament to Klimt’s unwavering dedication to his craft.

A Rarity in Private Hands

Dame mit Fächer holds a special place among Klimt’s portraits as one of the few still privately owned. Unlike many of his renowned commissions, this artwork was likely painted for Klimt’s own pleasure, adding an intimate dimension to its significance. The square-shaped painting measures approximately one meter in both height and width, further emphasizing its unique nature. Its exclusivity and exceptional artistic value make it a coveted piece for art collectors and enthusiasts alike.

Final Masterpiece by Gustav Klimt: A Journey through History

The provenance of Dame mit Fächer adds another layer of intrigue to its story. Previously owned by Viennese industrialist Erwin Böhle, a close friend and patron of Klimt, the painting eventually found its way into the hands of art collector Rudolf Leopold. In 1994, it was sold to the current owner’s family at Sotheby’s for an astonishingly modest sum of under $12 million. Since then, the painting has not appeared at auction, but it did grace the halls of The Belvedere, an Austrian museum housing some of Klimt’s most iconic works.

Rising Value and Enduring Legacy

The value of Klimt’s paintings has skyrocketed over the past two decades, solidifying his status as one of the most influential and sought-after artists of all time. Only a select few artists have achieved the distinction of selling their works for nine-figure sums, and Klimt proudly joins this esteemed group. Before Dame mit Fächer, the auction record for a Klimt painting, stood at a staggering $104.5 million. It was for Birch Forest, a painting previously owned by the late Microsoft co-founder Paul G. Allen.

Surpassing Auction Records

It is worth noting that some of Klimt’s paintings are believed to have fetched even higher prices through private sales. Court documents from a legal dispute between Russian billionaire Dmitry Rybolovlev and art dealer Yves Bouvier revealed that Rybolovlev acquired Klimt’s Wasserschlangen II (Water Serpents II) for an astounding $183.8 million. These extraordinary sale prices underscore the enduring appeal and exceptional value of Klimt’s masterpieces.

A Star Lot and a Vibrant Market

Dame mit Fächer was the star lot in Sotheby’s modern and contemporary art summer auction and it did not disappoint. This prestigious event coincides with the long-awaited reopening of London’s National Portrait Gallery. Alongside other remarkable portraits by prominent artists such as Alberto Giacometti and Edvard Munch, Klimt’s masterpiece commanded attention and spark fierce bidding among passionate collectors.

A Dynamic Auction Landscape

While concerns about a cooling auction market have emerged following the initial post-Covid-19 recovery, the allure of extraordinary artworks continues to drive market trends. The UBS and Art Basel annual market report indicates a slight decline of 1% in global auction revenues after an impressive surge of 47% in 2021. However, it is essential to recognize that exceptional artworks like Dame mit Fächer defy market fluctuations, appealing to discerning collectors who recognize their true value and artistic significance.

Unlocking the Secrets of Artistic Mastery

Dame mit Fächer serves as a gateway into the world of Gustav Klimt, allowing us to delve deeper into his artistic techniques and influences. Klimt’s ability to infuse emotion and symbolism into his works continues to captivate art enthusiasts and scholars alike. Let’s explore the mesmerizing elements that make Klimt’s art so extraordinary.

The Power of Symbolism

Symbolism played a significant role in Klimt’s artistic expression. In Dame mit Fächer, the fan held by the unknown sitter carries subtle meanings. In many cultures, fans symbolize secrets, mystery, and hidden desires. Klimt masterfully incorporates this symbol, inviting viewers to unravel the enigmatic nature of the portrait. Each stroke of his brush conveys a story, inviting interpretation and personal connection.

The Influence of Vienna’s Secession Movement

Klimt was a prominent figure in the Viennese Secession movement, which sought to break free from traditional academic art and embrace innovative, avant-garde styles. This movement emphasized individualism, artistic freedom, and a departure from the confines of established norms. Klimt’s daring exploration of new artistic forms and his commitment to pushing boundaries paved the way for future generations of artists.

A Timeless Vision of Beauty in Final Masterpiece By Gustav Klimt

Throughout his career, Klimt sought to capture the essence of beauty in its purest form. His portraits, including Dame mit Fächer, radiate an ethereal quality that transcends time. Klimt’s meticulous attention to detail, combined with his deep understanding of the human form, results in timeless portrayals that continue to resonate with viewers across generations.

Gustav Klimt’s Enduring Influence

Klimt’s impact on the art world extends far beyond his own lifetime. His unique style, characterized by elaborate patterns, intricate details, and a mesmerizing interplay of colors, has inspired countless artists and continues to influence contemporary art. Klimt’s exploration of themes such as love, sexuality, and the human condition remains relevant, showcasing the timeless nature of his artistic vision.

The Importance of Conservation

Preserving and protecting Klimt’s masterpieces is of utmost importance to ensure their longevity for future generations to admire. Museums, art collectors, and conservationists work tirelessly to maintain the integrity and beauty of Klimt’s artworks. Through careful restoration and conservation efforts, these precious creations can be enjoyed by art enthusiasts around the world.

Discovering the Magic of Klimt

Whether you are an avid art collector, a casual admirer, or a curious explorer, Gustav Klimt’s artistic legacy is waiting to be discovered. The allure of his masterpieces, including the captivating Dame mit Fächer, invites you to embark on a journey through time, culture, and the depths of human expression. Immerse yourself in the rich tapestry of Klimt’s artistry and experience the profound beauty that continues to captivate the world.

Conclusion

In conclusion, the last portrait completed by Gustav Klimt, Dame mit Fächer, represents the culmination of his artistic brilliance. Its record making sale makes it the most valuable work of art ever sold in Europe at Sotheby’s in London, showing the amazing ability of the artist. As Klimt’s “last masterpiece,” this extraordinary artwork encapsulates the artist’s unique style, influences, and dedication to pushing artistic boundaries. Its unrivaled beauty and captivating symbolism ensure its place among the most coveted masterpieces in the art world.